The Investor
28 Feb 2026, 15:15
Agilent Technologies, Inc. (NYSE: A) reported first-quarter fiscal 2026 revenue of $1.80 billion, up 7.0% year over year on a reported basis and 4.4% on a core basis.
GAAP net income was $305 million, or $1.07 per share, down 4% from $1.11 per share a year earlier. Non-GAAP net income increased to $386 million, with non-GAAP EPS of $1.36, up 4% from $1.31 in the prior-year quarter.
Segment performance showed mixed but steady growth. The Life Sciences and Diagnostics Markets Group generated $679 million in revenue, up 5% reported and 3% core, with a 16.0% operating margin. The Agilent CrossLab Group posted $758 million in revenue, up 9% reported and 6% core, with a 31.6% operating margin. The Applied Markets Group delivered $361 million in revenue, rising 7% reported and 4% core, with a 25.8% operating margin.
For fiscal 2026, Agilent raised its reported revenue outlook to $7.3 billion to $7.5 billion, representing 5.5% to 7.5% reported growth and 4% to 6% core growth. Non-GAAP EPS is now expected between $5.90 and $6.04. Second-quarter revenue is projected at $1.79 billion to $1.82 billion, with non-GAAP EPS of $1.39 to $1.42.
Management cited resilient demand, momentum in the instrument-replacement cycle and strong Enterprise Services engagement, while noting weather-related disruption late in the quarter that modestly impacted results.
Source: Agilent press release, February 25, 2026.
GAAP net income was $305 million, or $1.07 per share, down 4% from $1.11 per share a year earlier. Non-GAAP net income increased to $386 million, with non-GAAP EPS of $1.36, up 4% from $1.31 in the prior-year quarter.
Segment performance showed mixed but steady growth. The Life Sciences and Diagnostics Markets Group generated $679 million in revenue, up 5% reported and 3% core, with a 16.0% operating margin. The Agilent CrossLab Group posted $758 million in revenue, up 9% reported and 6% core, with a 31.6% operating margin. The Applied Markets Group delivered $361 million in revenue, rising 7% reported and 4% core, with a 25.8% operating margin.
For fiscal 2026, Agilent raised its reported revenue outlook to $7.3 billion to $7.5 billion, representing 5.5% to 7.5% reported growth and 4% to 6% core growth. Non-GAAP EPS is now expected between $5.90 and $6.04. Second-quarter revenue is projected at $1.79 billion to $1.82 billion, with non-GAAP EPS of $1.39 to $1.42.
Management cited resilient demand, momentum in the instrument-replacement cycle and strong Enterprise Services engagement, while noting weather-related disruption late in the quarter that modestly impacted results.
Source: Agilent press release, February 25, 2026.
